India’s services exports rose to $36.8 billion in September 2026, up from $35.5B in August. Imports stood at $18.9B, narrowing the trade surplus.
India’s September 2026 Services Trade Data Released
India’s international trade in services recorded $36.8 billion in receipts (exports) during September 2026, an increase from $35.47 billion in August. Payments (imports) for services rose to $18.9 billion from $18.7 billion, narrowing the services trade surplus.
The data, compiled by the Reserve Bank of India, reflects robust performance in IT and business services, travel, and financial services. Monthly volatility in imports is attributed to cross-border payments by multinational enterprises and licensing fees.
The expanding services surplus continues to support India’s current account balance. Legal advisors handling cross-border contracts, FDI, and technology transfers should monitor sectoral shifts affecting invoicing, repatriation, and compliance under the Foreign Exchange Management Act (FEMA).
